Insider Selling: SentinelOne, Inc. (NYSE:S) CEO Sells 70,655 Shares of Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 70,655 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the transaction, the chief executive officer now owns 1,019,541 shares in the company, valued at $28,169,917.83. This represents a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tomer Weingarten also recently made the following trade(s):

• On Wednesday, November 6th, Tomer Weingarten sold 10,165 shares of SentinelOne stock. The shares were sold at an average price of $26.25, for a total transaction of $266,831.25.
• On Wednesday, October 9th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The shares were sold at an average price of $25.30, for a total transaction of $1,539,859.20.
• On Monday, October 7th, Tomer Weingarten sold 60,864 shares of SentinelOne stock. The stock was sold at an average price of $23.42, for a total transaction of $1,425,434.88.
• On Wednesday, September 11th, Tomer Weingarten sold 82,116 shares of SentinelOne stock. The stock was sold at an average price of $21.60, for a total transaction of $1,773,705.60.
• On Friday, September 6th, Tomer Weingarten sold 38,607 shares of SentinelOne stock. The stock was sold at an average price of $22.80, for a total transaction of $880,239.60.

SentinelOne Stock Down 1.1 %

Shares of S stock opened at $27.37 on Friday. The stock has a market cap of $8.68 billion, a P/E ratio of -29.42 and a beta of 0.65. The business has a fifty day simple moving average of $25.04 and a 200-day simple moving average of $22.51. SentinelOne, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The firm had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.26) EPS. On average, sell-side analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on S shares. Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and raised their target price for the stock from $25.00 to $32.00 in a research report on Tuesday. Susquehanna increased their price target on SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a report on Thursday, September 5th. Scotiabank increased their price target on SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 28th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $25.00 to $32.00 in a report on Monday, October 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $33.00 price target on shares of SentinelOne in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.73.

Institutional Trading of SentinelOne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in S. Champlain Investment Partners LLC purchased a new stake in SentinelOne in the 3rd quarter valued at about $80,604,000. Massachusetts Financial Services Co. MA purchased a new stake in SentinelOne in the 2nd quarter valued at about $36,237,000. Vanguard Group Inc. grew its holdings in SentinelOne by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after buying an additional 1,694,407 shares during the period. Eminence Capital LP grew its holdings in SentinelOne by 24.2% in the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after buying an additional 1,337,145 shares during the period. Finally, Stephens Investment Management Group LLC purchased a new stake in SentinelOne in the 3rd quarter valued at about $30,972,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

About SentinelOne

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.